Un-recommended reading (New Republic)

From today’s New Republic:

One of the most important questions facing policy-makers is whether we are suffering from an ordinary recession–similar, say, to 1981 or 1991–or something resembling the Great Depression. If the former, then an $800 billion stimulus and another TARP-style bank bailout is probably not necessary. If the latter, were in big trouble; and these measures are probably insufficient to arrest our fal…

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